1987 (5) TMI 338

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..... Behera, J. The petitioner assails the order of conviction recorded against him under section 220(3) of the Companies Act, 1956 (hereinafter to be referred to as "the Act"), sentencing him to pay a fine of Re. 0 25 paise for each day of default and in default of payment thereof, to suffer simple imprisonment for fifteen days for non-compliance with the provision made in section 159 of the Act, .....

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..... by the managing director of the company in Form No. 32. This cannot be construed to be an admission on the part of the petitioner that he was one of the directors. There is no evidence that the complainant had made any verification with reference to any other record as to whether the petitioner was one of the directors of the company. Thus, there was absence of proof to indicate that the petitione .....

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